Henderson EuroTrust (LSE: HNE)

Currency in GBP

Last close As at 25/09/2023


−0.75 (−0.55%)

Market capitalisation


Henderson EuroTrust aims to achieve a superior total return from a portfolio of European (excluding the UK) investments where the quality of the business is deemed to be high or significantly improving. HNE has an all-cap mandate, but tends to have a bias towards large and medium-sized companies. Environmental, social and corporate governance (ESG) factors are embedded within the investment process.

Latest Insights

Investment Companies | Review

Henderson EuroTrust — Performance is getting back on track

Investment Companies | Initiation

Henderson EuroTrust — Searching for mispriced quality


Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Jamie Ross

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 1.9 0.4 16.7
Relative (3.5) (1.0) 11.2
52 week high/low 140.5p/106.0p


Henderson EuroTrust’s (HNE’s) performance is getting back on track as investors have become more focused on company fundamentals rather than macroeconomic factors, and investors’ strong preference for value stocks (translating into style headwinds for HNE between Q121 and Q222) has waned recently. The manager (Jamie Ross) is building on HNE’s NAV 10 year record of outperformance versus the Europe ex-UK market (10.5% pa versus 9.1% pa respectively), based on a concentrated portfolio of high-quality growth stocks. European equities are very attractively valued and, coupled with the trust’s double-digit discount, this should make HNE worthy of consideration.